Report: Walkable Communities a Target for Real Estate Agents and Their Clients

January 24th, 2014 – in market trends

The best Realtors and agents in the business are committed to finding the right property for their clients, a task that is often more art than science. A recent report from the National Association of Realtors may help understand the trends that drive people as they search for the perfect home.

The 2013 Community Preference survey shows that most Americans are interested in living in communities that are walkable and have a diverse mix of uses, like homes, shopping and businesses. The suburban neighborhoods that require driving between home, school and work are becoming less desirable as people are willing to make tradeoffs between the size of their home and yard for a shorter commute and a mixed-use neighborhood.

Here is a look at some of the numbers from the report:

  • Sixty percent of respondents prefer to live in walkable communities with close proximity between housing, businesses and schools.
  • Seventy-eight percent said that neighborhood was more important than size of a home.
  • Fifty-seven percent were willing to compromise on a small yard if they had a shorter commute time to work.

Despite these findings, it is important to note that single-family homes are still the preferred housing choice. However, building neighborhoods that blend the best of the suburban single-family home and the convenience of urban living, with access to stores, businesses and jobs, creates the ideal community for many people. Clearly, people continue to thoughtfully consider the tradeoffs of property size, commute time and neighborhood feel when they purchase property.

We want to know what types of properties your clients have been asking to view, and in what kinds of neighborhoods. Is it easy to track of all your showings? Let us know in the comments section.

Author: Walker Mattingly